Speculation is rife about the future prospects of Twitter, the social networking site that is the new craze of the Internet world. This week, co-founder Biz Stone put this speculation to rest, announcing that there were no plans to sell the company, at least for now.
The tech market has started resembling an oligopoly in recent years, with new start-ups such as YouTube or Blogger immediately absorbed by big players such as Google and Microsoft. The average life span for a start-up before it gets acquired would be roughly around two or three years. By that standard, Twitter is already of age.
So, will Twitter prove to be the start-up that stands on its own? That’s a possibility, considering the phenomenon it has become: According to Nielsen Research, the site grew 1,382% this February, with 7 million unique visitors that month.
Alternatively, as it starts earning revenue, the start-up is entering a new stage, one that may well fail. At that point, the company may just become unattractive. So, are Twitter’s founders making the right choice now?